SALE VALUE OF RS. 1153.13 CRORE ACHIEVED IN THIS AUCTION
· TOTAL OF SALE VALUE OF RS. 8227.92 CRORE ACHIEVED THROUGH E-AUCTION OF 4 PROJECTS
NBCC (India) Ltd. has successfully e-auctioned 560 residential units with a saleable area of 14.60 lakh sq. ft. at Aspire Leisure Park, Greater Noida (W) through an e-auction, garnering a total sale value of Rs. 1153.13 Cr. The high-stake auction witnessed an overwhelming response, with bids significantly exceeding the reserve price. The fund shall mitigate the fund requirement of ongoing projects including bank loan payment.
The Aspire Leisure Park project, being monitored by Hon’ble Supreme Court will feature state-of-the-art amenities and strategic location, making it a sought-after investment opportunity. This sale will be instrumental in completion of the stalled Amrapali Projects and fulfil the dreams of owning their homes by many home buyers.
Till date, e-auction for 4 new FAR projects of Amrapali -(Aspire Golf Homes, Aspire Centurian Park, Aspire Dream Valley and Aspire Leisure Park) with a total of 4024 residential units (having saleable area of 10.49 million sq. ft.) have been completed with a total sale value of Rs. 8227.92 Cr.
With this successful transaction, NBCC has reinforced its position as a leading real estate developer along with the distinction of being the only PSU in this sector in India, setting a new benchmark for transparent and competitive property sales through digital platform. It is believed that this e-auction success will further bolster investor confidence in the sector and establish NBCC as a pioneer in executing stressed asset projects and bringing relief to thousands of affected homebuyers of Noida/Gr.Noida(w), U.P.
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